Really? iPhone 1 at launch, no copy and paste, no mms messages, no AppStore or sdk. Apple TV 1 at launch, completely reliant on a host computer running iTunes, unable to play music and return to the home screen, or anywhere else without the music stopping. Podcats support horribly implemented, no third-party content. To name just a few of the glaring omissions and snafus since 2007, the list goes on. The last, near perfect at launch, new product Apple put out was likely the original iPod in 2001.
It's not uncommon, and hasn't been for quite some time, for Apple to put out a new product (and in many ways the Apple TV 4 is a new product for Apple, carrying nothing but the shape from the previous two generations) and provide only the essentials, or the essentials as Apple see it, then continue to refine and improve the product throughout it's life.
There's plenty of things I want to see improved on the Apple TV and I'm sure most of them will be in time. But the days when Apple put a new product into a consumers hands that was damn near perfect are long gone. And thanks to the complexity and scope of the devices, the software, the content deals and back room negotiations and the consumer expectation among other things. They aren't coming back.